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The ripple effects arising from china 's deflating housing sector cannot be underestimated .

所以我们不能小觑中国楼市紧缩的带来的涟漪效应。

It seems that for countries that run deficits with china on consumer goods , china 's trade growth may be a deflating factor .

对于那些在生活消费品贸易中的逆差国来说，中国的贸易增长似乎会是一个紧缩因素。

But deflating an economy suffering from the collapse of an asset price bubble often fails to work , though ireland , as a small open economy , has a better chance of exporting its way out than other vulnerable eurozone members .

但对一个遭受资产价格泡沫破裂的经济体实施紧缩政策往往没有效果，尽管作为一个开放的小型经济体，爱尔兰比其它脆弱的欧元区成员国更有可能依靠出口摆脱困境。